Amerisourcebergen Corp (NYSE:ABC).
Burgundy Asset Management Ltd. increased its investment in Amerisourcebergen Corp stock by 49,825 shares in the last quarter. Its stake was worth $223,338,000 a decrease of 10.8% according to the filing.
Several firms have updated their holdings. As of quarter end Tiaa Cref Investment Management LLC had disposed of 54,042 shares trimming its stake by 4.1%. The value of the total investment in Amerisourcebergen Corp decreased from $125,951,000 to $105,784,000 a change of $20,167,000 quarter to quarter. As of the end of the quarter Clearbridge Investments, LLC had sold a total of 35,884 shares trimming its position 2.2%. The value in dollars went from $157,349,000 to $134,771,000 decreasing 14.3% since the last quarter.
As of quarter end Burgundy Asset Management Ltd. had acquired 49,825 shares growing its holdings by 1.9%. The value of the company’s investment in Amerisourcebergen Corp went from $250,422,000 to $223,338,000 a change of 10.8% quarter over quarter. Burgundy Asset Management Ltd. bolstered its holdings by buying 49,825 shares an increase of 1.9% in the quarter. Burgundy Asset Management Ltd. currently owns 2,698,948 shares worth $223,338,000. The value of the position overall is down by 10.8%.
As of quarter end Henderson Group Plc had bought 1,700,520 shares growing its holdings by 502.5%. The value of the investment in ABC increased from $29,952,000 to $168,725,000 increasing 463.3% for the reporting period.
November 6 investment analysts at Robert W. Baird held the company rating at “Buy” with a current price target of $96.00. Equity analyst Needham & Company LLC lowered the price target on November 6 changing the price objective from $93.00 to $86.00 and stated a “Buy” rating.
On October 29 analysts at Jefferies Group LLC released a research note on ABC with a rating of “Hold” and establishing a price target of $85.00. On October 24, 2017 Needham & Company LLC updated guidance on ABC stating a rating of “Buy” and setting a price target of $93.00.
Equity analyst Mizuho released guidance on ABC and giving a rating of “Hold” and projecting a price target of $92.00.
The company is trading up by 1.65% percent from yesterday’s close. The most current P/E ratio is 42.54 and market cap is 17.27B. As of the latest earnings report the EPS was $1.85 with 219.11M shares now outstanding.
Traders are more bullish lately if you consider the decrease in short interest. The company had a fall in short interest between October 13, 2017 and October 31, 2017 of -5.48%. Short interest decreased from 11,662,135 to 11,023,501 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.05% as of October 31.